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Out of curiosity, can you wax lyrical a bit more on construction? I’m about to build a house but I’m considering holding off for 12 months to see what happens with materials prices. Particularly steel. Not too concerned about contractors as I am building myself.

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Interest rates go up, money is harder to come by, people are building less since they can't get a loan, contractors find other work until construction picks back up.

I understand this much. But, the world is pretty weird at the moment. It seems more complex now than just moving interest rate levers around to manipulate the economy.

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